$0.67 Earnings Per Share Expected for Granite Real Estate (GRP.U) This Quarter
Equities analysts expect that Granite Real Estate (NASDAQ:GRP.U) (TSE:GRT.UN) will report earnings of $0.67 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Granite Real Estate’s earnings. Granite Real Estate posted earnings per share of $2.45 during the same quarter last year, which would indicate a negative year over year growth rate of 72.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Granite Real Estate will report full-year earnings of $2.70 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $2.85 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Granite Real Estate.
Separately, Zacks Investment Research upgraded Granite Real Estate from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th.
The company also recently announced a dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.177 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Granite Real Estate’s previous dividend of $0.17.
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